If you want to live in one of the units and rent out the other three, investors typically come out ahead with the extra income, even though the cost of owning the property is higher than a single-family home or condo. For those who are looking for a great investment property, fourplexes offer an excellent solution. A few of them include investment income, a home for extended family, and amenities. There are several reasons why someone would choose to purchase a fourplex. If interested buyers are set on a specific community, they’ll likely be able to find a fourplex in the area. Some of the most popular include South Mountain Village, Alhambra, Downtown Phoenix, and central city. Most of the major communities have fourplexes available on the market. Phoenix is home to various property types, and with a large population, affordable housing is a popular option for many people. Prices range from $230,000 to over $1.1 million. Interested buyers can either purchase one unit in a fourplex, or they can purchase all four. Multi-family properties are a more affordable housing option for Phoenix families and an excellent option for real estate investors. Phoenix’s Fourplex Real Estate Marketįourplexes are common in Phoenix, and there are several properties on the market at all times. They are similar to condos but in a medium-sized building. They typically have two apartments on top of another two units. What is Fourplex?Ī fourplex is a property that is considered a multi-family home that contains four apartments. Your Phoenix realty team is here to help navigate the Phoenix real estate market. Gearing up to buy or sell a fourplex home soon in Phoenix? Call Patrick O'Sullivan at (602) 842-5050.